click to show more information

click to hide/show information About your Search

20121201
20121231
STATION
CNBC 19
CSPAN 2
CSPAN2 2
KCSM (PBS) 1
KPIX (CBS) 1
WUSA (CBS) 1
LANGUAGE
English 28
Search Results 0 to 29 of about 30 (some duplicates have been removed)
. there is no debt crisis in the united states of america and europe, and there is no such thing as the debt crisis in my own country, which is nevertheless being consumed by debt. you know the joke about balloonist. the balloon has been blown off isrse, and at some point they no such thing as a debt crisis. manage to gain control of the balloon and lower it above a farm. the farmer comes out and looks up at the balloon and one of the balloonists says, excuse me, sir, where are we? and the farmer says, you are in a balloon. the balloonist says, he must be an economist. precisely accurate, and hopelessly useless. [laughter] we have a doctor here amongst us. imagine if you had a terrible case of a cancer patient in acute pain, and your diagnosis was, the person is experiencing a pain crisis. it wouldn't be useful. debt is a symptom of 2008, to be precise. it is what happens when a financial implosion begins on wall street, and then all sorts of dark forces break out, break loose, and they start dismantling the economic and social fabric of the world. these awful events happen once every hundred years
. >>> when we come back on squawk, bank of america ceo brian moynihan in his own words, we caught up with him yesterday to talk about business, the economy and the looming figure. as we head into a break, bank of america, best performing dow component of the year. up about 77%. ♪ [ male announcer ] how could switchgrass in argentina, change engineering in dubai, aluminum production in south africa, and the aerospace industry in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. nespresso. where i never have to compromise on anything. ♪ where just one touch creates the perfect coffee. where every cappuccino and latte is only made with fresh milk. and where the staff is exceptionally friendly. ♪ nespresso. what else? indicated up 14 points. unable to hold on to the gains we saw yesterday
in america and deep spending cuts particularly to our military. top lawmakers are calling in staff members for meetings on this saturday. right now we are told senate leaders are working on a potential deal. still our journalists on the hill are being told there will be no official proposals or votes until tomorrow at the very earliest. the time line qoo -- could not be tighter. we will begin seeing lower tax rates expiring and federal aid for things like unemployment checks. here is a statistic for you. if there is no deal in place for january 1st, those benefits, those unemployment benefits will no longer be authorized. the law project estimates some two million americans will stop receiving benefits after december 29th. that's today. many experts fear going over the cliff could send our weak economy plunging back into a recession. president obama says he remains optimistic, but he says no bargain could be reached in congress, then congress must vote on his back up plan to block taxes for anybody making less than $250,000 a year. chief congressional correspondent mike emmanuel has more.
combination of higher taxes on just about every worker in america and deep spending cuts particularly to our military. top lawmakers are calling in staff members for meetings on this saturday. right now we are told senate leaders are working on a potential deal. still our journalists on the hill are being told there will be no official proposals or votes until tomorrow at the very earliest. the time line qoo -- could not be tighter. we will begin seeing lower tax rates expiring and federal aid for things like unemployment checks. here is a statistic for you. if there is no deal in place for january 1st, those benefits, those unemployment benefits will no longer be authorized. the law project estimates some two million americans will stop receiving benefits after december 29th. that's today. many experts fear going over the cliff could send our weak economy plunging back into a recession. president obama says he remains optimistic, but he says no bargain could be reached in congress, then congress must vote on his back up plan to block taxes for anybody making less than $250,000 a year. chief
-term investments here. at the same time, we do not start of what has been so much a part of america's -- do not starve so much of what has been a part of america's history, our willingness to invest in the future, and that includes children, poor children, modern infrastructure, basic and blue sky research. when we get beyond the challenge we face over these next few weeks, i think that is going to be a broader challenge we face over the next decade. >> i think we have time for one more question. over here. as the question is coming, i want to say how much we support the president in this fight on ensuring the balance, and the president has been very strong on that issue. >> richard singer. we are a biomedical company that helps nurses and doctors, may collaborate better with social media. we got a small amount of the innovation funding, but it is a broader question about the health care ecosystem. if the company goes under, all the software engineers get new jobs in a matter of weeks. but in biotech, we have a lot of people with ph.d.s, longer-term and specialized types of areas, and we do
specialist tdd#: 1-800-345-2550 will help you get started today. >>> look at shares of bank of america. 1015 is where it is trading right now. firmly above $10 mark. watch for a firm close above 10 and that will give them hope that perhaps they can stay and go higher at this point. watching the stock along with other bank stocks off of news from citigroup. citi laying off 11,000 people. >> starbucks card for the 1% has arrived. at least that is what some are calling the new $450 starbucks gift card made from steel. it comes loaded with 400 bucks, cost $50 to make and only 5,000 of them will be sold exclusively through luxury online retailer gilt.com and that sale starts friday in case you wanted to buy one. >> i think i probably will. >> really? >> 50 bucks to make a steel card? >> you get $400 worth of coffee. >> it cost $450. it cost $50 to make the card. >> can you get -- i assume you can get it replenished? >> that's a good question. >> if you want to use it again. >> i'll probably pass. steel card is heavy. >> i was thinking about how much it would weigh in your pocket. >> maybe by u.s.
destination but more money is spent in the u.s. and central america is now a star performer. first, we want to get the latest news. looking for confidence out of germany's ifo survey. if we can put it up on the screen, that would be a help as i'm working to get it up at the moment. as soon as we get the numbers on that front, i will bring them to you. looks like we're still waiting on that. in the meantime, send in your thoughts, questions and comments about the program to worldwide@cnbc.com. and the biggest news of the morning, we have a deal. after 14 hours of talkes and months of negotiations, an agreement has been reached on a pan european banking supervisor. european finance ministers say they've drawn up plans to allow the ecb to directly supervisor the three largest banks in each country except for the uk and sweden which have both opted out. european leaders need to give their seal of approval and silvia wadhwa is in brussels with the latest. sylvia, it sounds like the meeting went into the late hours of the night. it sounds like the uk and sweden got their way. how significant is t
. >> why can't you be a made in america company? >> you know, this i found, as a matter of fact, the engine in here is made in america. and not only are the engines in here made in america, but engines are made in america and are exported. the glass on this phone is made in kentucky. so we have been working for years on doing more and more in the united states, next year, we will do one of our existing mac lines in the united states. >> you can see the entire interview with tim cook tonight on rock center, that's 10:00 eastern time on your local nbc station, but for now investors are watching the market. apple shares 5.31, which is close to the main lows. this is close to the next s support level on the stock and really catching a lot of people by surprise. >> it's a fiscal cliff decline. this is the greatest capital gains generator of our lifetime. i would love to see what the gains are going to be next year. but i would be saying you need to sell it. we have no idea where the capital gains are going to go, we're going to go over the fiscal cliff, what do you have to lose, the rates are go
of america, merrill lynch recently held a 38% stake in hertz. after the offerings, the funds will hold a roughly 26% interest in the rental business. after the sales, hertz will not receive anything from the proceeds of the sale. coming up, squawk on the farm. we're going to talk crops, crops, crops, tractors and other equipment. and what it all tells us about the global economy. stay tuned. >> announcer: team, "squawk box" exclusive coverage of the "new york times" deal book conference. investing, the economy and the looming fiscal cliff. jpmorgan chairman and ceo jamie dimon, carl likely group co-founder david rubenstein and a lot more. it all starts tomorrow at 6:00 a.m. eastern. hi, i'm phil mickelson. i've been fortunate to win on golf's biggest stages. but when joint pain and stiffness from psoriatic arthritis hit, even the smallest things became difficult. i finally understood what serious joint pain is like. i talked to my rheumatologist and he prescribed enbrel. enbrel can help relieve pain, stiffness, and stop joint damage. because enbrel, etanercept, suppresses your immune s
in little america of the war within the war for afghanistan, washington post senior correspondent reports on the military and government failings in the war in afghanistan. nancy gives him an editor at large and michael duffy, executive editor for time magazine chronicle the relationship between the u.s. presidents in the president's club in side the world's most exclusive fraternity. political commentator kevin phillips recounts what he believes was the most important year of the american revolution which was 1775, a good year for revolutions. for an extended list of links to various publications, 2012 novel book selections visit the book tv website, booktv.org or our facebook page facebook.com/booktv . >> up next on book tv, richard wolff and david bersamian talk about our economic crisis and argue that it can be traced back to the 1970's when our economic system shifted from benefiting a vast majority of americans to one which mostly benefits only the very rich. this is about an hour-and-a-half. [applause] >> good to see you will hear. let's cut quickly to the chase. what is it
didn't have enough in our operations, that we didn't have enough in asia and latin america, africa and the middle east and europe. some some of our clients have got 40%, 45%, 50% and they benefit as a result. the other part of it is i wish we had not just one-third of our operations in digital here on cnbc and that we had, let's say, 40%, 45% there, too. the pattern you'll see in 2013 is meets ya, application to our business and we specifically are going to get people to work more and more together in order to deliver more effective and efficient advertising and communications for our clients. >> if you have any regrets, share them with us here. >> never have regrets. >> learn from it. yeah. >> louisa will help you learn from it. e-mail your regrets into the show. we'll examine just where oil prices might be headed in 2013. >>> president obama calls congressional leaders to the white house today. >>> a lackluster trading week of the yurp, ewe european equity markets are scheduled to post double digit results for 2012. >> italy is expected to see solid demand when it sells up to 6 b
? this is big news. >>> playing politics with america's fiscal future. >> we're nowhere, period. we're nowhere. >> they would like to go beyond that or do it differently. >> but we're rising above it and putting your money first. guest host david walker of comeback america initiative and democratic strategist steve mcmahon both here to help us find solutions. >> then, what goldman's jim o'neill is so he seeing to help you prepare for your investments straight ahead. plus, adding opportunities door to door. >> have a good day. >> thank you. >>> domino's pizza ceo patrick doyle is here. the second hour of "squawk box" begins right now. >> good morning, everybody. welcome back to "squawk box" here on cnbc. i'm becky quick along with joe kernen. andrew is out this week. we've been watching futures this morning and they are indicated slightly higher. dow futures are up about 35 points above fair value, s&p futures and the fass dak futures are higher, as well. in your morning headlines today, the fiscal cliff dominating the sunday talk show circuit. treasury secretary tim geithner expressing on meet
broken branch: how the congress is failing america," "it's worse than it looks how the american constitutional system collided with the new politics of extremism." he's been quotedded probably too many times for any data base to collect in one place. in the 1990s, there was an article i was in somewhere quoted, and you were quoted, and your quote was i have no idea. i thought to myself, you can get quoted for saying that, you achieved a unique status in washington, d.c.. i congratulate you on that. [laughter] the third speaker will be bill who is currently in the policy public practice, serving assistant to george w. bush in the white house, a policy adviser to bill frist, and chief of staff to joe pitts of pennsylvania. he has a very, very deep experience both in the house and senate, making him unique. he's made of top of the pyramid in both chambers, and he was particularly active at the time on the issues concerning senate rules and precedent. he's working on the sontorum campaign, "culture: upstream from politics," and other series. the fourth and final speaker is brian dar
this morning." ñp that ended america's most infamous family feud. the hat fooelds and the mccoys. researchers have now found the first physical remains of the final battle. mark strassmann has the exclusive look of the evidence that could rewrite the history of these hillbilly clans. >> reporter: in these east kentucky hills bob scott's family has owned this land, almost 50 acres, since 1902. it was a stage for a bloody chapter in american history that's also part of his family history, the hatfield/mccoy feud. >> my mother's maiden name was hatfield. >> and this is mccoy property. >> randall mccoy, pate trat of the kentucky clan once lived here and his well sit here's on scott's land. his once enemy was hatfield, leader of the clan. this spot is where they finally ended a generation of fussin', fightin', and killing. sparked by a murder right after the civil war. >> mccoy's brother was a northern soldier. he comes back from the war. hatfield and his family fought for the south. word gout out they were out to get him and they eventually went out and get him. >> reporter: between 1865 and 1868
production is increasing, this quarter ford projects it will build 725,000 vehicles here in north america. they are increasing it by another 25,000 next quarter. and one other thing, carl, when we talked about importance of trucks. in november, ford had its best month for the f series since november of 2005 selling 56,000 f series trucks. that's an 18% increase compared to last year. you are really seeing the momentum building in terms of production in truck sales. >> yeah. up a fifth on f series. thank you very much. significant number. >> i bought my f series last year. great car. great job. f-350. not diesel. >> where do you keep that? >> it's part of our inn complex. >> got it. >> i assume we think gm might be good? 20 minute >> i think so. >> let's go to rick santelli in chicago. >> if you want to find out what's going on in the states, bob pisani is very accurately discussed, you have to look toward europe. so let's look toward europe. let's look at 24-hour charts. let's look at a 24-hour chart of the euro currency. started to do much better. you throw up the bund. many areas whethe
investment in the americas and in europe will sep accelerate. >> well, i wonder, too, if it's not a move reflecting concern about the health of chinese companies. we've seen what happens with the shanghai xos xwrit. if you're a chinese firm, why not try to put some of your commodities abroad? >> i think you make a point with the shanghai composite. we were discussing earlier on how i think actually you're going to see a trend improvement in 2013 in chinese equity markets and i think they are today one of the cheapest equity markets in the world and there is a whole number of reasons why you should increase your chinese asset now. >> okay. japanese brewery sontori are reportedly looking to add bourbon whiskey to their tab. they were looking at making an offer for the u.s. listed group beam. a little early in the morning to be looking at maker's mark. but japanese companies have been on an m&a spree for the year. nozomu kitadai has more. >> overseas m&a deals by local companies have reached the highest level in more than two decades. according to preliminary figures by m&a advisory firm re
, right, carl? >> at the nasdaq, iraq and afghanistan, veterans of america, a non-profit organization with more than 200,000 members. great to see them today as well. a lot of charity this morning, even on the general news morning shows about facebook. if you haven't heard already, randi zuckerberg posted a pitch of her family, thought it was private, somebody saw it on their feed, put it on twitter, she responded angrily saying it was way uncool and beyond human decency and it has raised, once again this argument, debate about privacy settings and whether or not you should trust social media in general, dennis. >> a big lead-in there such a powerful medium. seeing it, of course, by this very example. right now, people, they don't feel comforcomfortable. but compelled to do it any watch behavior, as much as people talk about they don't like it, people use it putting more and more information online via social networks. i think there's a strange dichotomy about what we think we want and what we actually do. for most people, they don't square but doesn't matter. >> all would be academic
squabbling and come up with a compromise that will help put america's fiscal house in order. >> are both parties determined to go over the fiscal cliff together? let's bring in our washington correspondent for more on this. what can you tell us about the meeting coming up in less than an hour? what will the president talking about with the republican leadership? >> there are only six people who really know what is going on, and what will really happen at the white house, and they will not talk, but i expect them to talk about higher taxes for the wealthy. are the republicans willing to accept that? they will also talk about entitlement spending cuts. are the democrats willing to accept that the government will spend less money? if this is the case, then they might find common ground. one important issue, of course, is going to be the members of the tea party. they are saying compromise is a bad word. of course, it will be difficult for them to find a compromise, to bring them into the boat. >> we had the meeting today. we have the special session on sunday. do you expect a compromise, or
between america, i think, and really growth is having a long-term fiscal plan. what i would like to see, and i really like bob corker, he is a great guy, he's the kind of person we need in the u.s. senate, but i'd like to see some of these cuts locked in now, and i'd like to see some of this entitlement reform locked in today. i don't want to see all of that wait for six weeks. >> hmm. what's the right level for dividends and capital gains, do you think? should they be lower than ordinary income? >> look, i think what you will see is i think they'll both probably go to 20% would be my guess. i don't think you'll see dive dinds go back to ordinary income rates. >> is that okay? >> that's part of bowles-simpson or simpson-bowles, put it back at ordinary rates. what's ordinary rates coming down to? >> we brought ordinary rates down to 23%. you know, that's a horse of a different color. ordinary rates are going to be -- >> is it 23 or 28? that's another thing we always hear. >> well, what we put out is what the zero option was, which got it down to 8% of $70,000. 14% up to $210,000. and a m
is what dupont is talking about next year. 1.5% growth in north america, 4% in asia pacific. i do agree chain a's definitely a bright spot. that's certainly pretty good. dupont really big company, they operate across chemical business, they operate in electronics, agriculture. remember, housing, they owned the tybeck insulation business, that's been a monster business for them overall. i think china is the bright spot. if you look carefully, they're talking about 8% to 12% decline in revenues in 2013. even though they said we're projecting pretty much the same in 2013, as 2012, the ceo said there are signs of improvement in china. yet their numbers overall this year weren't that good. still, i'd say pretty cautious, hopefully china starting to emerge. again, fourth quarter may be the bottom here for china. guys, back to you. >> totally agree. joy would not be having this move if china were really going to be bad in 2013. it is a unique china play. let's check the bonds and dollars. rick santelli in chicago. rick, take it over. >> all right. well, if we look at interest rates in the 10-y
the reputation for america as someplace that pays its debts hostage is a terrible idea. i'm hoping this will be a good precedent for getting the debt limit issue out of the way. and then there will be legitimate public policy debates about how much and what kind of spending cuts. >> congressman, this is dan greenhaus. let me say, you're hilarious and i'm going to miss you. jonathan tweeted, obama has utterly caved on taxes and inviting future hostage tactics by the gop. does that sound right to you? >> no. in the first place, he has insisted on raising taxes, letting taxes go up, is what we're doing, for people above a certain income level. he does not control the house of representatives. part of this issue, you know, people forget, the american people are the ones who set this stage. they voted for one set of people in 2008, then they changed their minds. at least those who voted, and voted for a different set of people in 2010. we have an unusual constitution. in america you're governed by the results of the last three elections, not just the last election in most other democrac
. america reelected barack obama to get the economy moving. history will judge him as a good president or not if he's able to get the economy moving. but i want to point one thing out tos a i've said before, this is the new barack obama 2.0. he's taking his he is message to the american people. he will not sit around and let the republicans litigate and relitigate things or let the chattering class of washington determine his destiny. he'll rally support and put the pressure on all of congress, not just the republicans, but democrats, as well. >> is that the freedom that a second term president gets, right? >> well, it's the freedom when you try to work with the republicans and frankly some of the democrats, as well. you can't blame all the republicans. some of the democrats didn't want to move on the entitlement issues and they'll have to move. so this is obama 2.0. a much more engaged, a much more activist president. you series bringing a business community in, community leaders, small business, not for profit. he'll be much more engaged in this second term. >> morris, on this issue,
on hits to latin america. and adp to paris is lowering its growth target for 2015 as lower traffic .lower economic projections since the summer are now affecting its prospects, down 6%. so, again, whether it's a fiscal cliff or generally speaking with, the message this morning is fairly weak. take a look at the bond space note. moving into gilts, moving out of italy and spain, but as we've been saying, 4.5% or under that and about 5.3% for spain aren't bad considering. t thor row/dollar is weaker. most of the risk currencies are moving lower. euro/dollar down by .3%. sterling is weaker against the dollar. we're seeing the dollar generally up. the dollar/yen here up .4% for the yen. so we've seen some significant weakening as the bank of japan trying to combat deflation. but today, a pause in that move. joining us now with plenty more on the asian trade, diedra. >> it's not the end of the world, but it is pretty ugly out here in asia. markets were headed towards some gains today and then all of a sudden we did get that fiscal cliff set back. the nikkei 225 dropping a percent. you can see t
. and people have been saying right now that america needs to do what britain has been doing. and maybe there's a case for that. but nonetheless, if britain has a parliamentary system, we have a very different kind of political system. so america isn't going to rewrite itself just to adapt to this particular political situation. but look, something has changed in the politics of america. right now, george h.w. bush is very ill. he may pass on in the next couple of weeks or so. when he does, that will be the passing of the last truly national president. look at how he was elected in 1998. he won traditionally democratic as well as republican states. he was a moderate guy, a war hero. he was respected by people across the aisle. that was the last time in history you'll see that. >> that it is, president obama got a lot of votes in 2008 by a lot of votes that were not just -- >> that is so. but clinton did quite well but only because ross perot was running. very complicated. in terms of it being a national figure, someone reaching across the aisle, you haven't seen that. one of the things that h
, latin america. four out of the top eight markets of the world, when you asked, do i care what i look like, latin america. the market for tupperware products in latin america, $1 billion, $22 billion in cosmetics. >> how are you going up against the competitor? because most people think avon as the vehicle for cosmetics. >> all of our latin american businesses are way up. they're up double digits. we're pleased with what's happening there. >> okay, rick, huge in france. we know french economy not that good. women want to make some money during this period. france is strong for you. >> we've grown, almost doubled the company in the last five years in france. we're the biggest company of our kind in france. we're the largest seller of cookbooks in france. we had some issues the first two quarters, during the election, as you know, most of the consumers sat on the sidelines. we're starting to see it come back to life again. so we feel very good about france. ditto germany. >> isn't that incredible. >> rick, 52-week high when compared to avon. incredible. thank you so much for joining us.
head on into the americas, it's going to be another wet day for you along the west coast from b.c. down through northern california. you've hood had a bit of a break. another round of rain coming in. and some very strong winds here, too. not much changed since last week. another low moving here through eastern canada. that will bring maybe 30 centimeters of snow to northern ontario as well as quebec. blowing and drifting snow here, too, so, again, difficult driving conditions. along the cold front, it's not going to be too severe. you'll see a few thunderstorms in that rain, but certainly temperatures will be falling as the front passes. that said, though, we're seeing some unseasonably warm temperatures across the east at the moment. chicago, 19 degrees. 24 in oklahoma city. 19 for you in d.c. with 16 in new york city. all right. let's go now to europe. a very messy picture here. the western locations are starting to see a low and frontal system moving through. that's going to be producing plenty of precipitation. and a lot of it is going to be snow here, as well. the same goes for the
. regulators are set to issue heavy fines this week. reuters suggest that authorities in america, britain and possibly japan will fine the swiss bank in excess of $1 billion for its part in the fixing of the rate. carolin rejoins us with more on this story. >> hey there, ross. if you believe press reports from swiss daily over the weekend, that fine could be much more than just $1 billion. it was suggested it could be $1.5 billion swiss francs or $1.6 billion. that would be a massive fine if that's confirmed and it would be much, much higher than what analysts had anticipated. three times the amount that barclay's paid over the summer and remember that ubs cooperated quite closely with authorities over the last two years and received conditional immunity from some of the regulators. that's why analysts believed that the fine would be considerably lower than that which barclay's paid. it does suggest that ubs may be the worst offender. as pat of the deal, according to a couple of press reports, ross, this is quite interesting. it says that ubs will even admit to criminal wrongdoing in its
predict america will go back into a recession. >> here's what will happen starting tomorrow. income taxes would increase $2,400 a year for families with an annual income of $50,000 to $75,000. their social security taxes would also go up on average $1,000 a year. and some 2 million jobless americans stand to lose their fed caleral unemployment benefits. in all, the congressional budget office says going over the cliff could cost the country more than 3 million jobs in 2013. we begin our coverage with nancy cordes on capitol hill. good morning. >> reporter: good morning. the senate is set to reconvene in about an hour. we're told negotiations progressed well last night, that the vice president is now heavily involved and that the two sides have moved significantly towards one another on the top issue, which is tax cuts. but the big question is whether they can make it the rest of the way before tonight's deadline. senators filled the halls sunday hoping they'd have a deal to vote on, but just before 6:00, the senate leader sent them home. >> there's still significan
? >> this is a normal process. new destinations for lastin america, korean nations, they have been improving in the last year or so. so that doesn't mean that europe is not -- europe is still the destination destination worldwide. >> ohio does it work out on the global net? i'm wondering whether the pie getting bigger has meant the european number stays the same. >> europe is still increasing, but now we have to -- >> it's getting bigger. >> exactly. >> right. okay. so we're not losing out. >> it's just interesting that the euro not being weaker is the largest issue regarding tourism. it doesn't look like that's in the cards. >> a weak euro is very good for our overseas travelers. they're coming to europe and especially the usa and canada are troubled a lot. which is very, very good. >> where is the money coming from? >> the usa and canada, we will now have to focus in brazil and china, which are emerging economies. >> and, james, do you find it at all encouraging if there's a balancing away from the european sector in europe? is it something that needs to happen or is it still going to remain on positi
Search Results 0 to 29 of about 30 (some duplicates have been removed)